CBN’s forex reserves inch up to $35.4bn The nation’s external reserves rose to $35.4billion as at December 30 from $34.98 billion recorded as at December...
Pension schemes capture only 11% Nigerian workforce – PenOp Despite the astronomical growth recorded in the pension fund, only 11 per cent of workforce in...
Jaiz Bank targets N6.15bn gross earnings in Q1 2021 To open new branches in South-West soon Nigeria’s pioneer non-interest lender, Jaiz Bank Plc, has forecast N6.15...
CITITRUST Holdings mulls N12.5bn capital injection by Q1 2021 CITITRUST Holdings Plc said it is targeting a debt capital injection of N12.5 billion for business...
Banks’ credit to private sector hits N19.54trn in November Nigerian banks’ gross credit to players in the private sector has increased to N19.54 trillion as at...
Concerns as Nigeria’s forex reserves shed $132.06m Nigeria’s foreign exchange (forex) reserves dropped by $132.06 million at the weekend as the apex bank continued to...
NAICOM tasks insurers on N463.1bn annuity business The National Insurance Commission (NAICOM) has expressed worries over the declining participation of life companies in retiree life...
NDIC: 42 microfinance banks lose operating licences The Central Bank of Nigeria (CBN) has revoked the operating licences of 42 microfinance banks in the country....
NIFIs: CBN asks for public inputs to new financial document The Central Bank of Nigeria (CBN) has called for public observations, comments and contributions to...
CBN orders closure of money transfer operators’ naira accounts The Central Bank of Nigeria (CBN) has directed the Deposit Money Banks (DMBs) to close all...